Chapter 13 bankruptcy requires filers to repay a portion of the debt they owe. There are a few reasons why someone would file Chapter 13 instead of Chapter 7. The first is that their income is too high to file Chapter 7. In order to file Chapter 7, your income must be below the median…Read more
How Does Chapter 13 Bankruptcy Work?
In this video, Denver, Colorado bankruptcy attorney Peter Mullison discusses the Chapter 13 bankruptcy process in Colorado. You can learn more about the bankruptcy process here: How Can Bankruptcy Help Me? What Does It Cost To File Bankruptcy? What Is The Difference Between Chapter 7 And Chapter 13 Bankruptcy?
How Much Will I Have To Repay My Creditors In A Chapter 13 Bankruptcy?
If you’re considering personal bankruptcy to give you relief from your financial stress, you should know that individuals generally file Chapter 7 or Chapter 13 bankruptcy. Chapter 7 is typically used by people whose income is below the median income for their household size. Chapter 13, on the other hand, is used by people whose…Read more